GroundRules
O.C.G.A. § 14-3-745: Discontinuance or settlement of proceeding prohibited without court approval.
Where this section sits in the code
- TITLE 14 Corporations, Partnerships, and Associations
- CHAPTER 3 Nonprofit Corporations
- Article 7 Meetings
- PART 4 Derivative Proceedings
A derivative proceeding may not be discontinued or settled without the court’s approval. If the court determines that a proposed discontinuance or settlement will substantially affect the interests of the corporation’s members or a class of members, the court shall direct that notice be given to the members affected.
Collected 2026-09-17T18:57:12Z. Source file · JSON
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